tourist company of nigeria

  1. Massive Losses: Federal Palace Hotel's Future Uncertain After N31.6 Billion Decline

    Nigeria Massive Losses: Federal Palace Hotel's Future Uncertain After N31.6 Billion Decline

    Tourist Company of Nigeria Plc, owner of Federal Palace Hotel, reports a staggering N31.6 billion loss in 2023, wiping out shareholder funds. Foreign exchange losses, legal disputes over loans, and rising operating costs contributed to the financial turmoil. The company, majority-owned by Sun...
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